B.E.S.T. Total Return Fund Inc.

July 10, 2015 08:59 ET

B.E.S.T. Total Return Fund Inc. Announces Termination of Wind-Up and Resumption of Investment Activities

TORONTO, ONTARIO--(Marketwired - July 10, 2015) - B.E.S.T. Total Return Fund Inc. (the "Fund") announces that the Board of Directors has determined not to proceed with the wind-up of the Fund which was announced on April 28, 2015. The Fund will resume normal investment activities.

The Board of Directors will continue to consider strategic options available to the Fund taking into consideration the liquidity of the Fund's portfolio assets and the market conditions for LSIFs.

About B.E.S.T. Total Return Fund Inc.

B.E.S.T. Total Return Fund Inc., established in 2003, is registered as a labour sponsored investment fund corporation in Ontario and a registered labour-sponsored venture capital corporation federally. The Fund seeks to hold a balanced portfolio of investments with both income and growth objectives.

Cautionary Note and Forward-Looking Statements

This press release contains forwardlooking statements which include, but are not limited to, statements regarding the expected resumption of investment activities or other statements that are not statements of fact. These statements are not guarantees of future events and involve assumptions, risks, and uncertainties that are difficult to predict. Although the Fund believes that the expectations reflected in such forwardlooking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forwardlooking statements, including, risks associated with the resumption of investment activities, such as: lack of liquidity, availability of suitable investments, external factors, credit risk, and interest rate risk. Such forwardlooking statements are also based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions that the Fund will be able to dispose of its equity investments at a favourable price, or at all and that the Fund will be able to find suitable investments in debt instruments. Should one or more of the risks or uncertainties involved in forwardlooking statements materialize, or should the assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. Accordingly, readers should not place undue reliance on forwardlooking statements.

Forwardlooking statements are qualified entirely by this cautionary statement and are given only as at the date of this press release. The Fund disclaims any obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact Information

  • B.E.S.T. Total Return Fund Inc.
    John Richardson
    416-203-7331 ext. 228/ 1-800-795-BEST